BPS Resolver provides enterprise risk management, compliance and audit software solutions specifically tailored to the needs of insurance companies. BPS Resolver’s GRC Suite enables companies to stay on top of reporting requirements, prioritize investment, and align activities with corporate objectives.
BPS Resolver provides software that reduces the cost and complexity of the NAIC Model Audit Rule, risk focused examinations, financial controls, enterprise risk management and internal audit. From our experience working with Insurance companies, we know that each firm has its own way of assessing and managing risks, controls and audits. Our software provides customers with the design flexibility to support their own risk management process and an easy to use interface which improves user adoption and the overall success of the project.
Today’s boards, audit committees and senior management are increasingly concerned with risk management and compliance objectives. Many risk managers, auditors, and compliance officers face significant challenges in producing timely and comprehensive board reports. Our software is designed to allow the rapid collection and aggregation of information from across the enterprise. With the right tools in place, the time currently spent preparing for board meetings can be spent on higher-value activities, such as reducing exposures and helping the company achieve corporate objectives.
In the Insurance industry most people understand the concept of risks and controls. However, the skill set, level of understanding and experience of each department you work may vary dramatically. BPS Resolver has worked with clients who face these problems and challenges associated with providing a methodology that is suitable to everyone. Resolver*Ballot, the industry leading risk assessment workshop software tool, follows best practices from ISO 31000, ANZ/NZS 4360 and others, and utilizes simple techniques to get valuable, actionable information from groups of varying skill levels.
Although the acceptance of self-assessments as an assurance tool by external audit is often debated, there is a clear trend towards increasing self-assessment for the performance improvements inherent to the process.
These benefits can only be realized when employees can easily perform a self-assessment with clear guidance, and simple documentation. BPS Resolver’s GRC suite helps employees do this efficiently reducing the burden on internal audit or compliance, and improving the overall control environment of the organization.
BPS Resolver has worked with insurance companies of all sizes from the family-run, regional groups to the multi-nationals. For more information on our solutions, check out our case studies and online presentations, or to ask any question please contact us.